Enclosure 2.
351
HONOURABLE COLONIAL SECRETARY.
With reference to His Excellency the Governor's minute on C. S. O. 423 (Treasury Balances), I have seen Mr. JACKSON on the subject of the regular supply of subsidiary coins.
I find the same consideration had occurred to Mr. JACKSON as has been pre- sent to my own mind, viz., that an over-supply, or even a considerable reserve of these coins involves a serious loss of interest.
I
It seems more prudent to increase the supply by degrees till the limit of de- mand is reached, than to risk having a large dead balance lying idle here. agree with Mr. JACKSON that the following shipments would in all probability meet the necessities of the case ;---
To arrive about January 1st in each year,
.$250,000
"
>
April 1st
多多
"
150,000
"}
July 1st October 1st
150,000
13
**
35
>>
200,000
$750,000
The extra quantities for October 1st and January 1st are in view of the de-
mand which sets in from about October for the Chinese New Year.
If the Crown Agents were instructed to take such measures as might ensure the regular arrival of coins in the above quantities, I think it is probable there will be no further trouble about the subject for some years to come. The percentages of each denomination of coin should be as at present.
With proper
If the above quantities are insufficient they might be increased. watchfulness it ought to be possible to regulate the supply so as to keep pace with the demaud, the balance left over from one shipment when the next arrives never greatly exceeding $5,000. But this of course presupposes that the coins will arrive regularly, and that, if an increased supply be asked for, it will be sent as a matter of course.
A. LISTER, Treasurer.
28th February, 1888.
· ཻ", སད ཏ *
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